E-Commerce Automotive Aftermarket Size, Share, By Component (Engine Parts, Drive Transmission and Steering Parts, Suspension and Braking Parts, Equipment, Electrical Parts, Miscellaneous), By Consumer (B2C, B2B), By Distribution Channel (Third-Party Retailer, Direct To Consumer, Marketplaces, Workshops And Service Centers), And By Region - Trends, Analysis And Forecast Till 2034

Report Code: PMI560524 | Publish Date: September 2024 | No. of Pages: 176

E Commerce Automotive Aftermarket Overview

E-commerce automotive aftermarket size was valued at USD 248 Billion in 2024 and is expected to reach USD 784.54 Billion by 2034, growing at a CAGR of 13.5%.

E-commerce automotive aftermarket has traditionally been the domain of brick-and-mortar stores; however, over the last few years, the emergence of e-commerce has come to take precedence in this industry. E-commerce for the automotive aftermarket refers to the online selling of auto parts, accessories, and services. This represents a fast-growing market driven by increasing internet penetration, convenience in online shopping, and broader product offerings. One of the main driving forces in the e-commerce automotive aftermarket is customer convenience. Online retailers offer their customers a wide range of products, often at competitive prices. Thus, it is easy for their customers to compare and get the best bargains. The e-commerce platforms can be accessed any time of the day without necessarily having to go there physically when the business operates. Technology has also further driven the growth of the e-commerce automotive aftermarket. The sophistication of online marketplaces and e-commerce platforms has evolved to include product recommendations, customer reviews, and secure payment gateways. Indeed, these technologies make it even easier to shop online and gain customers' trust.

Moreover, the proliferation of mobile devices has also contributed to the growth of the e-commerce automotive aftermarket. Mobile-friendly websites and apps allow customers to shop on the go, making the research and buying process of auto parts and accessories even more efficient. This convenience factor has attracted a new generation of digitally active consumers who prefer to shop via e-retail rather than through traditional retail.

E-Commerce Automotive Aftermarket Share

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E Commerce Automotive Aftermarket Dynamics

Key Drivers of Target Market:

Increased Vehicle Ownership and Aging Fleet

  • Global growth in vehicle ownership coupled with an aging automobile park fuels demand for automotive parts and services. Of course, the older these vehicles get, the more they have to be serviced and repaired or updated with new parts, which, in turn, gives further support to the e-commerce aftermarket.

Increased Inclination towards Online Purchase

  • The changed consumer buying behavior has shifted towards online purchases, acting as a strong force in the e-commerce automotive aftermarket. The convenience of browsing, comparing prices, reading reviews, and making purchases from the comfort of their homes attracts both individual consumers, B2C, and businesses, B2B. This is further enhanced by the growth in smartphones and increased access to the internet.

Restrains:

Counterfeit and substandard products

  • The customer's most significant concern is the sale of counterfeit or low-quality goods on the online market. This occurs when some e-commerce websites do not implement regulatory and control measures that assure quality, especially for parts like the engine and braking systems. This may hamper the development of e-purchasing in the automotive aftermarket.

Opportunities:

Omnichannel Strategies

  • This can also present an opportunity for an omnichannel experience that flawlessly integrates online and offline channels. For instance, e-commerce platforms might integrate with local workshops for installation of products or in-store pickup options. This would meet a number of the constraints presently faced by shopping online, either for advice offered by experts or immediate product availability.

E Commerce Automotive Aftermarket Segmentation

The market is segmented based on Component, Consumer, Distribution Channel, and Region.

Component Insights:

  • Engine Parts: These comprise filters, spark plugs, pistons, and gaskets, among other required parts to make the engine run. Consumers still easily access various such parts for different vehicle models in e-commerce. Segment demand remains steady; these are parts that are extremely crucial to good performance and maintaining longevity in a vehicle, most times requiring replacement because of wear and tear.
  • Transmission and Steering Parts: These are crucial parts responsible for the vehicle's locomotion and steering. Gearboxes, drive shafts, clutches, axles, and steering racks are basic inclusions in this category. These are easily available online to customers in the aftermarket for replacement purposes, as most need them to continue enjoying control of their vehicles efficiently, which mostly gets compromised through normal use or mechanical failure.
  • Suspension and Braking Parts: This category encompasses shock absorbers, springs, struts, braking pads, braking discs, and other associated parts. These parts are very important for vehicle safety and comfort; they affect the vehicle's handling and, most importantly, the ability to stop a car. Demand for these parts will keep increasing in e-commerce due to two major factors—concern for road safety and regular maintenance.
  • Equipment: This ranges from tools and diagnostic equipment used for vehicle repair and maintenance to lifts, jacks, wrenches, and OBD scanners. This segment is important to both the amateur DIY enthusiast and professional mechanic since it provides the equipment needed to handle almost any automobile task.
  • Electrical Parts: Electrical parts range from batteries, alternators, and starters to wiring harnesses and a wide range of sensors. This segment is growing at an alarming pace due to increasing vehicle electrification. With an ever-higher rate of vehicle electrification, digital marketplaces have gifted consumers and workshops accurate access to the electrical parts required for vehicle repair or upgrading.
  • Others: This includes a catch-all category of the many small parts and accessories that do not easily fit into the other categories, such as mirrors, wiper blades, lighting components, and interior parts. It is a very varied segment catering to functionality and appearance and covers a significant chunk of the share in automotive aftermarket e-commerce.

Consumer insights:

  • B2C: This segment includes direct purchases by individual customers of automotive spare parts and accessories made through online platforms. The B2C segment has grown on account of a DIY vehicle maintenance trend, ease of online shopping, and competitive pricing. Consumers in this segment often look for specific parts, as per their needs, for a particular car, and simple access and comparison are available on e-commerce platforms.
  • B2B incorporates many business organizations, such as workshops, fleet operators, and service centers, purchasing components and/or equipment in bulk. The B2B sector strongly depends on electronic commerce to form effective procurement, competitive pricing, and punctual delivery. Online channels offer this sector bulk discounts, customized attention from customer care, and effective logistics.

Distribution Channel Insights:

  • Third-Party Retailer: These are independent e-commerce sites that sell automotive parts of various brand names. They are the go-between for different product choices from a wide array of manufacturers. Third-party retailers provide a wide selection to the consumer, and their prices are usually competitive because they have to handle a very wide selection of suppliers.
  • Direct-to-consumer (D2C): The manufacturer sells directly to the consumers through their online platforms. No intermediaries are involved in D2C businesses, so the cost might be reduced, and the manufacturer has more control to establish direct relations with their customers. The D2C model is most associated with branding and control over pricing and customer experience.
  • Marketplaces: Online marketplaces, such as Amazon, eBay, and Alibaba, are widely used platforms where multiple sellers can post their automotive products. Many of them offer various types of products for consumers and claim competitive prices and reviews. To the consumer, they are a one-stop point in the purchase cycle for automotive commodities that offer convenience and variety.
  • Workshops and service centers have online stores selling automotive replacement parts and accessories. Most consumers believe in such platforms because the professionals running such centers know how to install what they sell. Workshops and service centers would be considered a niche market because they stock parts that are regularly used in repairs and maintenance.

Regional insights:

  • North America: A large vehicle population, along with increasing consumer preferences for online purchases, are vital factors for the e-commerce automotive aftermarket in North America. The U.S. and Canada are two major markets where customers find ordering replacement parts over the Internet particularly appealing and prefer the easy availability of various products.
  • Europe: The e-commerce automotive aftermarket in Europe has a robust regulatory influence, diverse vehicle types, and growing traction toward online retail. The significant market shares come from Germany, the U.K., and France, as consumers increasingly turn online to cater to their automotive needs.
  • Asia-Pacific: The e-commerce automotive aftermarket in Asia-Pacific is expected to grow rapidly due to several factors, including increasing vehicle ownership, digitalization, and an upsurge in e-commerce infrastructure. Additionally, huge markets such as China, India, and Japan largely reflect the trends of past years, and there is a large consumer base engaged in increasing dependence on online channels for automotive spare parts.
  • Latin America: The growth in the e-commerce automotive aftermarket in Latin America is due to the growing vehicle population and rising internet penetration. Prominent markets such as Brazil and Mexico are already witnessing such developments, where online platforms have become the first choice for customers searching for cost-effective but readily available automotive spare parts.
  • Middle East and Africa: E-commerce in the automotive aftermarket is also gaining a foothold among consumers with increasing vehicle ownership and improvements in online infrastructure. These trends are supported by enhancing vehicle ownership rates. UAE, South Africa, and Saudi Arabia are key markets where consumers and businesses increasingly use online platforms to buy automotive services and products.

E-commerce Automotive Aftermarket Report Scope:

Attribute

Details

Market Size 2024

USD 248 Billion  

Projected Market Size 2034

USD 784.54 Billion

CAGR Growth Rate

13.5%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Component- Engine Parts, Drive Transmission and Steering Parts, Suspension and Braking Parts, Equipment, Electrical Parts, and Others

By Consumer- B2C, B2B

By Distribution Channel- Third-Party Retailer, Direct to Consumer, Marketplaces, Workshops, and Service Centers

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Component, Consumer, Distribution Channel, and Region.

Segmentation:

By Component:

  • Engine Parts
  • Drive Transmission and Steering Parts
  • Suspension and Braking Parts
  • Equipment
  • Electrical Parts
  • Others

By Consumer:

  • B2C
  • B2B

By Distribution Channel:

  • Third-Party Retailer
  • Direct to Consumer
  • Marketplaces
  • Workshops and Service Centers

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

E Commerce Automotive Aftermarket Key Players

The key players operating the E-commerce Automotive Aftermarket include Amazon, eBay Motors, Alibaba Group, Advance Auto Parts, AutoZone, Inc., Pep Boys, Bosch, O'Reilly Auto Parts, NAPA Auto Parts, RockAuto, LLC, CarParts.com, Inc., Walmart Automotive, Parts Geek, LLC, Denso Corporation, LKQ Corporation.

E-Commerce Automotive Aftermarket Key Players

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E Commerce Automotive Aftermarket Key Issues Addressed

  • In July 2024, A Agreement between Amazon and Stellantis, Amazon signed an agreement with Stellantis, one of the largest carmakers in the world. It will result in better e-commerce for selling Stellantis genuine parts, offered to clients more easily through Amazon's vast sales network.
  • In June 2024, eBay Motors increased its Authenticity Guarantee program to cover more high-value automotive parts. This would be one way, among other reasons, of fighting against the sale of counterfeit items: it would keep the end consumers assured of getting original parts sold through the platform and increase trust in online sales.
  • In May 2024, Alibaba Launches Automotive Diagnostics Marketplace. Alibaba has introduced a new section on its website that specializes in selling vehicle diagnostic and repair equipment. This will help tap into the growth of the DIY culture found in China and other Asian countries by providing value additions in advanced diagnostic tools and repair parts.

E Commerce Automotive Aftermarket Company Profile

  • Amazon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Amazon
  • eBay Motors
  • Alibaba Group
  • Advance Auto Parts
  • AutoZone, Inc.
  • Pep Boys (Icahn Automotive Group LLC)
  • Bosch (Robert Bosch GmbH)
  • O'Reilly Auto Parts
  • NAPA Auto Parts
  • RockAuto, LLC
  • CarParts.com, Inc.
  • Walmart Automotive
  • Parts Geek, LLC
  • Denso Corporation
  • LKQ Corporation

“*” marked represents similar segmentation in other categories in the respective section.

E Commerce Automotive Aftermarket Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Component
    • Market Snippet, By Consumer
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, By Component, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Engine Parts
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Drive Transmission and Steering Parts
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Suspension and Braking Parts
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Equipment
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electrical Parts
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Consumer, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • B2C
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • B2B
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Third-Party Retailer
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Direct to Consumer
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Marketplaces
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Workshops and Service Centers
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Consumer, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Consumer, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Consumer, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Consumer, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Consumer, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • Amazon
  • eBay Motors
  • Alibaba Group
  • Advance Auto Parts
  • AutoZone, Inc.
  • Pep Boys (Icahn Automotive Group LLC)
  • Bosch (Robert Bosch GmbH)
  • O'Reilly Auto Parts
  • NAPA Auto Parts
  • RockAuto, LLC
  • CarParts.com, Inc.
  • Walmart Automotive
  • Parts Geek, LLC
  • Denso Corporation
  • LKQ Corporation

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

E-commerce Automotive Aftermarket Size was valued at USD 248 Billion in 2024 and is expected to reach USD 784.54 Billion by 2034, growing at a CAGR of 13.5%.

The E-commerce Automotive Aftermarket is segmented into Components, Consumers, Distribution Channels, and Regions.

The market is being driven by factors such as Increased Vehicle Ownership and Aging Fleet and Increased Inclination towards Online Purchase.

The restraints of the E-commerce Automotive After Market include Counterfeit and substandard products.

The e-commerce automotive Aftermarket is segmented by region into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.

The key players operating the E-commerce Automotive After Market include Amazon, eBay Motors, Alibaba Group, Advance Auto Parts, AutoZone, Inc., Pep Boys, Bosch, O'Reilly Auto Parts, NAPA Auto Parts, RockAuto, LLC, CarParts.com, Inc., Walmart Automotive, Parts Geek, LLC, Denso Corporation, LKQ Corporation.